Wealthbrix Launches in DIFC to Serve Growing Global Wealth
Founded by professionals from private banking and asset management backgrounds, the firm brings over 150 years of combined leadership experience, with a track record of managing more than US$30 billion in assets for clients across the Middle East, Asia, and Europe.
Wealthbrix aims to provide a client-centric, independent approach to wealth management, targeting a growing group of globally mobile, self-made clients seeking tailored solutions beyond standardised offerings.
The firm's launch coincides with ongoing shifts in global wealth patterns. An estimated US$85–100 trillion is expected to change hands globally by 2050 in what has been referred to as the 'Great Wealth Transfer'.
In the Gulf Cooperation Council (GCC), around US$1 trillion is projected to be passed down, alongside rising numbers of high-net-worth individuals (HNWIs) in the UAE.
In 2024 alone, over 6,700 new millionaires reportedly relocated to Dubai, bringing the total number of HNWIs and ultra-HNWIs (UHNWIs) in the country to more than 68,000, with further growth anticipated.
Wealthbrix is particularly focused on Mid-Tier Millionaires (MTMs), individuals with investable assets between US$5 million and US$30 million, and UHNWIs with over US$30 million.
MTMs, often overlooked by traditional models, account for around US$55 trillion in global wealth and are growing at a faster rate than the broader HNWI population.
UHNWIs are projected to increase by 38% in the next five years, driven by growth in Asia and the Middle East.
Wealthbrix positions itself to serve these segments through a combination of wealth preservation, succession planning, asset diversification, and advisory services.
Its platform is built to offer regional insight and global structuring expertise, supported by in-house capabilities across equities, fixed income, and real estate.
The firm operates with a partner-led model and holds a license from the Dubai Financial Services Authority (DFSA).
It plans to establish a fund platform based in DIFC, in line with Dubai's broader ambitions to strengthen its position as a global financial centre.
Wealthbrix has secured an eight-figure equity investment from a group of international investors, including regional family offices, a venture capital firm, and angel investors.
The capital is expected to support its plans to attract talent, expand its services, and scale operations.
Rajesh Khanna, CEO of Wealthbrix, said:
'Dubai offers a unique convergence of regulatory clarity, global talent, and a robust entrepreneurial ecosystem, making it the ideal base for a firm that is home-grown, yet global in outlook.'
Wealthbrix operates on a hybrid model that combines personal engagement with technology.
Its secure, cloud-based platform enables consolidated portfolio reporting across banks and asset classes, offering clients a centralised view of performance and risk.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Crypto Insight
3 hours ago
- Crypto Insight
Crypto exchange Gate launches spot trading services in the US
Crypto exchange Gate is launching in the United States, offering spot trading services to US customers for the first time. Founded in 2013 by Chinese scientist Lin Han, the company cited improved regulatory clarity in the country as the reason behind the move. According to Gate, it will initially offer crypto trading pairs for US customers, with upcoming services for fiat on- and off-ramps and support for custodial wallets. As of July 24, the exchange offered over 3,800 trading pairs on its platform, one of the largest asset varieties in the market. Spot trading volume on Gate reached $6.8 billion in the past 24-hours, according to CoinMarketCap. 'As a strategic hub in the global crypto landscape, the United States has long held a significant position in areas such as digital finance regulation, technological innovation, and capital market development, attracting major crypto platforms from around the world,' the company said in a statement. The move comes as crypto exchanges are reentering the United States amid increased regulatory clarity. After President Trump promised to make the US 'the world capital of crypto,' lawmakers have introduced bills aimed at establishing a regulatory framework for digital assets, including the GENIUS Act and the CLARITY Act. More crypto exchanges enter the United States Crypto exchange OKX reentered the market in April 2025 following a $505 million settlement with the US Department of Justice. The company is reportedly considering a initial public offering in the country. was also rumored to restart services to customers. According to Chainalysis, the United States' crypto markets stand out globally by a wide margin. Between July 2023 and June 2024, the country received over $750 billion in crypto value, dwarfing other top countries like the United Kingdom and Russia. According to 28% of American adults, or around 65 million people, owned crypto in 2025, and 14% of Americans who don't own crypto plan to buy some in 2025, while 67% of current holders plan more purchases. Bitcoin is the most commonly owned cryptocurrency, followed by Ether. Source:
Arabian Business
8 hours ago
- Arabian Business
Abu Dhabi's Mubadala invests in AI open-source company Anaconda
Abu Dhabi's Mubadala Capital has participated as one of the main investors alongside Insight Partners in the US$150 million Series C funding of Anaconda Inc, the company committed to advancing AI with open source at scale. The company operates profitably with over US$150 million in annual recurring revenue (ARR) as of July 2025. The new funding values the startup at about US$1.5 billion. Acquisitions on their mind Capital will be invested in new AI features, strategic acquisitions, and to fuel Anaconda's global expansion into new markets. Additionally, the funding will offer liquidity options for current and former employees, driving the company's continued momentum and growth. This news comes on the heels of Anaconda's newly launched AI Platform as well as a recently announced partnership with Databricks, the data and AI company. Since its founding in 2012, Anaconda has been one of the most trusted and widely used Python distribution platforms, with over 21 billion downloads and 50 million users. Today, more than 10,000 large enterprises rely on Anaconda to build and manage AI systems effectively. The infusion of capital comes at a pivotal moment as enterprises shift from isolated data science projects to building compound AI applications, validating Anaconda's mission to empower organisations and builders to innovate with data through a unified open source ecosystem for enterprise Python—the coding language that has become synonymous with AI development. George Mathew, Insight Partners Managing Director, said: 'As agents and compound AI systems gain traction, companies need a foundational platform to effectively manage key open source artifacts and components to drive fast, scalable innovation. Anaconda takes this a step further by layering simplicity and security to AI in enterprise landscapes. 'As enterprises move from specialised data science to generalised AI systems, we believe Anaconda is incredibly well-positioned for this generational shift.'
Sharjah 24
8 hours ago
- Sharjah 24
UAE spearheads dialogue to redefine future of media
The event serves as a critical milestone in the lead-up to the BRIDGE Summit 2025 - the largest platform uniting media, cultural and creative content creators, leaders, and decision-makers to transform how the world communicates, set to take place in Abu Dhabi, from 8 - 10 December 2025. Following the successful events in New York, London, and Osaka, Shanghai becomes the latest hub for the global conversation on how today's information dynamics are reshaping economies, governance, culture, and public trust. At this pivotal gathering, leading voices from Asia and beyond came together to discuss the region's growing influence on global media and culture, and to examine the role of innovation and responsibility in the fast-changing media landscape. Shanghai provided a dynamic backdrop for the BRIDGE Roadshow, aligning with the city's prominent role in the global media and tech landscape. In the presence of Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office (NMO) and Chairman of the Board of Directors of the UAE Media Council; Muhannad Sulaiman Al Naqbi, Consul-General of the United Arab Emirates in Shanghai; and Khalid Al Shehhi, Deputy Ambassador of the Embassy of the United Arab Emirates in China, the event attracted leaders from across media, technology, and business to discuss how innovation, technology, and cultural influence are converging in the global media narrative. A central theme of the Shanghai event focused on the role of innovation in media and how China's platforms and creators are reshaping the global media landscape. A key discussion, moderated by John Darling, Co-Founder & CEO, Creative Capital Ventures, centred on whether Chinese stories could shape the international narrative, considering how China's unique position in global media offers new opportunities for soft power. The panellists, including Joleen Liang, Co-Founder & President of Squirrel AI Learning, Zengxin Li, Deputy General Manager of Caixin Global, and Dennis Potgraven, Chief Strategy Officer of WPP Media China, explored the challenges and opportunities of this dynamic. They discussed how Chinese platforms are influencing perceptions both locally and globally, with an emphasis on how these platforms are redefining what it means to tell a story in today's interconnected world. Another central theme in Shanghai was the potential of gaming as the next frontier of cultural influence. A talk, led by Fangda Wan, Founder & General Partner of Gam3Girl Ventures, discussed how China's gaming industry is rapidly evolving into a nearly US$50 billion market, offering new ways to blend technology with culture. Speakers examined how gaming is becoming a powerful force in global media, allowing for new forms of storytelling that merge traditional Chinese narratives with cutting-edge technology. Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office (NMO) and Chairman of the Board of Directors of the UAE Media Council, emphasised that the Shanghai stop of the BRIDGE Roadshow marks a defining moment, highlighting China's dynamic media and cultural landscape and its growing impact on shaping global narratives. The Chairman stressed that the challenges facing global media today are not limited to tools or platforms, but extend to the overarching vision guiding them. While technologies continue to evolve rapidly, there remains a pressing need for a comprehensive intellectual outlook that reaffirms the media's humanistic and civilisational role as a platform for meaningful content and a key contributor to knowledge-based societies and future economies. He also underlined that the Roadshow's path through New York, London, Osaka, and now Shanghai reflects the UAE's deep-rooted commitment to cultivating more balanced and inclusive global media perspectives. This effort is rooted in the UAE's core belief in building bridges of communication and fostering meaningful cultural exchange. The Chairman concluded by stating that the discussions held during the Shanghai stop will help enrich the agenda of the upcoming Bridge 2025 Summit in Abu Dhabi, which will serve as a platform bringing together media decision-makers and influence alliances, aiming to explore the future of media and strengthen its role as a partner in development, innovation and global understanding. For his part, Dr. Jamal Mohammed Obaid Al Kaabi, Director-General of the UAE National Media Office, shared his perspective on the evolving media ecosystem. He said, 'As the media landscape continues to evolve at an unprecedented pace, China's innovative leadership in media and cultural industries is playing a pivotal role in shaping global narratives. Through a unique blend of tradition and cutting-edge technology, Chinese platforms and creators are expanding the boundaries of soft power, offering diverse perspectives that are reshaping how news and stories are consumed around the world. BRIDGE provides an essential platform to bring together leaders and innovators from across the globe, helping to ensure that the stories we tell remain authentic, inclusive, and impactful.' The BRIDGE Roadshow series is designed to fuel an ongoing discussion about the future of media. Each stop contributes to Connecting Conversations, an evolving series of insights that will inform the programming and partnerships for BRIDGE Summit 2025 in Abu Dhabi. In New York, the focus was on AI's role in ensuring trust in media, while London explored narrative diplomacy and the responsibility of media in cross-border relations. Osaka, which preceded Shanghai, placed a strong emphasis on media innovation and the ethical use of generative AI. Osaka, which marked the third stop on the roadshow after New York and London, explored themes of AI, media innovation, and cultural authenticity, setting the stage for Shanghai to dive deeper into China's role in shaping global narratives. In Shanghai, with its dynamic creative economy, further explored the delicate balance between technological advancement and cultural authenticity in the media space. The roadshow continues to build momentum, offering new perspectives on how media, technology, and culture intersect in a rapidly transforming world. BRIDGE Summit 2025 will serve as a space for content creators, artists, influencers, and agencies — those who know how to engage — to join forces with government entities, investors, and corporations — those who have the power to shape change. By bridging these two worlds, the summit will unlock purpose-driven collaborations that shape public perception and influence behaviour across borders. This is where thought leadership meets business innovation — providing the space and tools for a new generation of global communicators to co-create solutions that transcend entertainment and drive tangible, lasting impact.
